Traders cast aside their doubts on blue-chip buzz
Annabeth Leow
DeeperDive is a beta AI feature. Refer to full articles for the facts.
LOCAL equities found themselves on surer footing on Friday, with the benchmark Straits Times Index (STI) drawing strength from positive signs at the listed heavyweights.
The STI advanced by 29.05 points, or 0.82 per cent, to 3,550.36, bringing the week's gain to 0.85 per cent.
PhillipCapital's research team said in a technical morning note that the index "might be facing some immediate hurdle at the 3,550 resistance area".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute